Taxation of Chargeable Gains Act 1992 Schedule 1A paragraph 7

Meaning of "interest in UK land"

Paragraph 7 of Schedule 1A defines what is meant by "interest in UK land" for the purposes of this part of the Schedule.

• The term "interest in UK land" is used throughout this part of Schedule 1A and requires a precise definition.
• Rather than providing its own definition, paragraph 7 directs the reader to the definition already established in section 1C of the Taxation of Chargeable Gains Act 1992.
• Section 1C broadly covers interests in land situated in the United Kingdom, including estates, interests, rights or powers in or over such land.
• This cross-referencing ensures a single, consistent definition is applied wherever the concept of an interest in UK land is relevant under the Act.